EDMONTON – The City of Edmonton is negotiating with Leduc County to annex two parcels totalling 15,600 hectares south of the city, including the international airport.
For the complete article visit:
http://www.edmontonjournal.com/business/Edmonton+wants+annex+hectares+Leduc+County+including+airport/8052733/story.html
When you put your home on the market, it’s important that you make the indoor living space as attractive as possible to potential buyers. The foyer should look spacious and inviting. The bedrooms, neat and uncluttered. The basement, clean and well lit.
All good advice.
But don’t forget the outdoor living space. That too has a significant impact on how quickly your home sells and for how much. You want to make the area around your property, from the front walkway to the backyard deck, as attractive as possible.
How do you do that? Here are some tips for sprucing up your outdoor living space that can be easily implemented.
You can probably get most of this work done in a single weekend. It’s worth it. Making your outdoor living space look great will dramatically increase your home’s appeal to potential buyers.
To view & search MLS listed homes visit us at www.EdmontonHomesForSale.biz
About the ProjectIn July 2008, Council approved the Concept Plan for the South LRT Extension from Century Park to the south city limit. The Concept Plan defined the alignment and station locations for this extension.
Progress on the South LRT project has occurred in stages. Preliminary Engineering from Century Park to Ellerslie Road was completed in 2010. Concept plans for Ellerslie Road to 41 Avenue SW were approved in 2009 and 2010.
The South LRT is part of the Transportation Master Plan’s vision to expand LRT service to all sectors of the City by 2040.
Because land use and transportation are closely linked, LRT growth will be guided by the principle of transit oriented development. Its goal is to create compact neighbourhoods with a mixture of residential, employment, recreational and business opportunities within convenient walking distance of transit.
Preliminary engineering for the Park and Ride at Ellerslie Road and 127 Street is complete. Timelines for completing the detailed design and construction of the Park and Ride at Ellerslie Road are dependent on project approval from City Council.
Land Use Planning
Land use planning is interconnected with the extension of the LRT south of Ellerslie Road. Approval of the NASPs for Heritage Valley Town Centre and Desrochers and confirmation of the LRT alignment, station locations and right-of-way requirements are complete. These will facilitate land use and transportation plans in these rapidly expanding residential areas.
Click here to watch a video on the South LRT Extension Fly-Through and here for all future LRT extensions.
To view & search MLS listed homes visit us at www.EdmontonHomesForSale.biz
Source: http://www.edmonton.ca/transportation/ets/lrt_projects/south-lrt-study.aspx
The New Year has started strong for the Edmonton real estate market. On a regular basis I am seeing realtors promoting the sale of their new listings within days or even hours. So is this the beginning of another real estate boom in Edmonton? Everyone is commenting on the shortage of inventory. That is always a sign of things to come.
This morning I looked at how many single family homes were for sale in Edmonton proper. The number of homes at 1,776 is significantly lower than what we would normally see, which supports the claim that there is a shortage of inventory.
The other important fact is the number of sales that have occurred in the last 30 days. In Edmonton proper there were 549 single family homes sold. That in itself is a fairly normal number of homes sold for this time of year.
What makes these numbers important is the ratio that they generate for us. We know that in Edmonton to a stable or neutral market we need a listings to sales ratio of 4:1. Meaning there are 4 homes listed for every sale that occurs in the previous 30 days.
With the current market condition with 1,776 listings and 549 sales that would give us a listings to sales ratio of 3.23:1 far below the 4:1 that we need for a balance market. This indicates that we are going to have upward pressure on Edmonton real estate values in the incoming days.
So do expect house prices to start to rise. If you are thinking about buying this year, you may want to move your time table up now before prices rise too much, and while we have low rates like 2.89% for a 5 year term.
Call us today if you have been thinking of buying or need to get pre-approved for a mortgage. 780-634-8151.
Edmonton, February 4, 2013: Year-over-year average prices and sales were up for most types of residential property in the Edmonton Census Metropolitan Area (CMA) in January. Single Family Dwelling (SFD) average prices were down 1.93% from December but up 7.7% when compared to January 2012. Condominium prices were also down (-3.1%) month-over-month but up 1.7% year-over-year. The all-residential price was up year-over-year at $328,525 (up 2.5%). The average price for an SFD was $399,832. An average condo was priced at $216,139, while a duplex/row house was priced at $328,351 on average. The all-residential average price in the Edmonton CMA was $328,525 as compared to $320,482 in January 2012.
The 2013 year started off with a residential sales increase of 27 (25) units over the previous year. There were an estimated 921 (853 reported) residential sales in the Edmonton CMA and an estimated total of 1,084 (1,005 reported) sales of all types of property. SFD sales were down 1.4% from a year ago at 536 estimated (496 reported) sales. Condo and duplex/row house sales took up the slack with an estimated 286 (265 reported) condo sales (up 30.7%) and duplex/row house estimated sales of 64 (59 reported) units (up 24.9%).
“If there is an impending national housing crash, it is not evident in Edmonton,” said President Darrell Cook. “The number of price reductions is 4% lower than the same month last year.” The number of residential properties in the City of Edmonton that sold at or over list price rose from 9% in January 2012 to 12.6% this year. “This indicates that homes are appropriately priced for the market and that more home sellers are holding firm to their asking price,” said Cook.
The average days-on-market was 74 and the sales-to-listing ratio ended the month at 47%. There are currently 3,743 residential properties in inventory in the Edmonton CMA. This is lower than the five-year average for January (4,324) but still represents a 4.4 month supply at current sales levels.
REALTORS® changed their statistics reporting format this month. Sales and average price figures are given for the Edmonton CMA which includes the City of Edmonton and about 40 surrounding municipalities as defined by Statistics Canada. Then, because sales in the City of Edmonton account for about 75% of all sales, the figures are given for Edmonton only. Finally, communities and counties outside the CMA are not forgotten. The number of sales for each municipality along with average/median prices and total value of sales are provided in the Total Board section. All three reports are attached.
“All real estate is local,” said Cook. “It is important that we provide statistics that are relevant to each specific location. REALTORS® can provide their clients with more granularity or more specific details at the neighbourhood level.”
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Highlights of MLS® System activity
| January 2013 | January | M/M % Change | Y/Y % Change |
| SFD2 average3 selling price – month | $399,832 | -1.93% | 7.68% |
| SFD median4 selling price – month | $376,600 | 2.16% | 6.38% |
| Condominium average selling price | $216,139 | -3.11% | 1.71% |
| Condominium median selling price | $208,000 | 0.00% | 1.96% |
| All-residential5 average selling price | $328,525 | -3.50% | 2.51% |
| All-residential median selling price | $315,000 | -1.56% | 1.61% |
| # residential listings this month | 1,812 | 121.79% | -11.09% |
| # residential sales this month | 853 | 36.04% | 3.02% |
| # residential inventory at month end | 3,743 | 7.16% | -12.24% |
| # Total6 MLS® System sales this month | 1,128 | 34.77% | -0.53% |
| $ Value Total residential sales this month | $325 million | 33.29% | 3.98% |
| $ Value of total MLS® System sales – month | $374 million | 29.01% | -0.96% |
| $ Value of total MLS® System sales – YTD | $374 million | 29.01% | -0.96% |
1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales
source: Realtors Association of Edmonton
Edmonton, October 2, 2012: The REALTORS® Association of Edmonton reports that residential listings and sales have trended lower in the third quarter after an active start to the year. In September, there were 1,269 residential sales in the greater Edmonton market as compared to 1,442 in September 2011. Despite the recent cooling trend, residential sales year-to-date are still up 7.2% as compared to last year at this time. There have been 14,565 residential sales to the end of the third quarter as compared to just 13,729 last year.
“There were changes to the mortgage qualification rules in March,” said REALTORS® Association of Edmonton President Doug Singleton. “We did not see an effect on the local market at that time but it seems to have had a cooling effect in the past quarter.”
The average1 price for a single family dwelling (SFD) has remained higher than last year for each of the past nine months. In September, the SFD average price of $376,678 was up just 0.23% from the previous year and is up 2.78% from the January 1 price. The all-residential average price is down 2.6% from last year at $323,369. This is the first month this year that the all-res price has dipped below the 2011 figure for the same month.
Condominium and duplex/rowhouse prices are more volatile and vary widely from month to month. In September average condo prices were down 3.1% ($229,246) while duplex/townhouse prices on average were up 2.75% ($307,739). Still, after nine months both current prices are up from the January 1, 2012 prices for the category.
Total MLS® System listings this year are up 104 units as compared to last year at 33,295 properties but Total MLS® System year-to-date sales are 16,487 units as compared to 15,378 at the end of the third quarter in 2011. There are 6,956 residential properties in the inventory compared to the 8,062 last year at this time. Rural and commercial property sales are both up marginally compared to last year although listings have dropped. The residential sales-to-listing ratio was down from 56.7% to 52.3% and residential days-on-market was up to 59 in September from 54 in August.
“Sales always fall month-to-month at the end of the year; that’s just normal market fluctuation,” said Singleton. “But overall, the market has been stable with little market advantage for either buyers or sellers. Edmonton is still one of the best places in North America to own property and I urge consumers to talk to their local REALTOR® when they are in a position to buy or sell property.”
Activity (for all residential sales on Edmonton MLS® System)
| September 2012 |
M/M % Change |
Y/Y % change |
|
| SFD2 average selling price – month |
$376,678 |
-2.00% |
0.23% |
| SFD median3 selling price |
$359,450 |
-1.50% |
1.25% |
| Condominium average1 selling price |
$229,246 |
-3.10% |
-2.10% |
| Condominium median selling price |
$223,000 |
-0.70% |
0.00% |
| All-residential4 average selling price |
$323,369 |
-3.20% |
-2.60% |
| All-residential median selling price |
$315,000 |
-1.10% |
-1.60% |
| # residential listings this month |
2,428 |
-10.40% |
-4.60% |
| # residential sales this month |
1,269 |
-17.40% |
-12.00% |
| # residential inventory at month end |
6,956 |
-6.70% |
-13.70% |
| # Total5 MLS® System sales this month |
1,450 |
-17.00% |
-12.20% |
| $ Value residential sales this month |
$410 Million |
-14.20% |
-14.30% |
| $ Value of total MLS® System sales – month |
$482 Million |
-12.70% |
-35.70% |
| $ Value of total MLS® System sales – YTD |
$5.68 Billion |
10.10% |
1.20% |
1 The total value of sales in a category divided by the number of properties sold
2 Single Family Dwelling
3 The middle figure in a list of all sales prices
4 Residential includes SFD, condos and duplex/row houses.
5 Includes residential, rural and commercial sales
1 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA.
The month of May is almost over and a review of the number of listings and sales of single family homes in Edmonton proper show a very robust market.
Currently there are 3,094 single family homes listed in Edmonton proper. That is a healthy level of inventory on the market giving buyers ample homes to choose from.
The number of sales has been on the rise. In the previous 30 days there have been 1,062 single family homes sold in Edmonton proper.
With this level of homes available for sale, and the number of sales that have taken place in the previous 30 days this would give us a listings to sales ratio of 2.91:1. This low of a level has not been seen for some time in Edmonton. Also with a ratio so much below the 4:1 that we need in Edmonton for a neutral or balanced market there is going to be substantial pressure for home valuations to rise.
Buyers should not put off buying a home before house prices go up any further.
* Information source: The Realtors Assc. Of Edmonton as of May 30, 2012.
I have other buyers looking to buy in the Kiniski Gardens area. Are you thinking of selling?
Edmonton, January 4, 2012: The REALTORS® Association of Edmonton reported that the all-residential average price for real estate sales through the Multiple Listing Service® (MLS®) in December was
up 1.7% ($316,415) from a year ago. The average price of a single family detached home was also up 2.0% to $364,803 from December 2010. Relative to last December housing prices were up overall as well. As typical for December whensales usually fall off, month over month sales were down 27% and prices dipped 1.5% as compared to the November figures.
“With economic uncertainty impacting Europe and depressed housing markets in parts of the United States, it is a relief to report on the stability and health of the local real estate market,” said REALTORS® Association of Edmonton President (2011) Chris Mooney. “With prices and sales varying within a small
range there is a solid base going forward into the 2012 market.”
In November the average price of a single family detached home was $364,924and dipped just 0.3% in December. A year ago the average price was $357,636. That stability was reflected in condo pricing as well. In November the average price of a condo was $228,689 and the December price of $227,679 was down just 0.4%. A year ago the average condo price was $225,641. Duplex and rowhouse properties sold on average for $282,620, a 9.7% drop from a year ago.
The average residential price (including all SFD, condo, duplex, townhouse properties sold in the Greater Edmonton Area) was $316,415: down from November by 1.5%. There were 1,085 properties listed and 827 sold in December. There were 1,088 listings and 829 sales in December 2010. With slower sales the
Days-on-market was 65 and the sales-to-listing ratio was a high for the year of 76.2%.
Looking back over the year, Mooney was content. “Last January, I forecast a 3% increase in single family prices and no movement in condo prices when comparing December to December. We ended up with a change of about half that overall and condo prices up. Homeowners generally saw an equity increase in the value of their homes in 2011.”
The all-residential average price for the entire year was $325,457 as compared to $329,019 in 2010. There were 10,962 SFD sales (up 5.5%) in 2011 and 4,638 (down 0.4%) condo sales. Total residential sales were 16,893 units (up 3.8%) on listings of 30,906 units (down 2.0%).
Total MLS® sales (including residential, rural, recreational and commercial properties) were valued at $6.29 billion and represented 39,350 listings and 18,986 sales transactions. “REALTORS® were involved in almost 60,000 real estate transactions in 2011 and advised on thousands more that never
materialized. There were tens of thousands of business people, families and individuals who met with one of our 3,200 REALTOR® members this year, and I am proud of their service to the community and the local economy,” said Mooney.
REALTORS® also provided funding of $300,000 to 44 community groups this year through the REALTORS® Community Foundation and supported arts, heritage and community events through marketing and individual contributions. The REALTORS® Association of Edmonton printed over 2.5 million copies of the Real Estate Weekly in 51 issues and 1,061 members participated in professional development courses including 225 new members and 20 new broker/managers.
I would first like to wish everyone a Happy and Prosperous
New Year! As it can be expected the market of the last 30 days has been slow
because of Christmas and New Years take our focus from real estate and towards
the holiday festivities.
Currently there are 1,790 single family dwellings listed on
the market in Edmonton proper. That lower inventory level that we have seen in
the last few months as people let their listings expire and come off the market
for the holiday season.
In the past 30 days there were 367 single family dwellings
sold. This reflects the season slow down that we would expect.
This gives us a listings to sales ration of 4.87:1 which
normally would indicate that there would be downward pressure on valuation.
However the seasonal slowdown is giving us a ratio that might not really be
indicative of the real market situation. I think that over the next 2 – 4 weeks
we will see this ratio change significantly as the buyers come back to the
market. I also expect that when they do we will probably see increasing
pressure for valuations to rise.
What we’re reading today